VIDEO: Well-Safe Protector rig arrives at Invergordon ahead of decom work
The newly-refurbished Well-Safe Protector rig has arrived at Invergordon to get it ready for work in the decommissioning market.
decommissioning
Managing decommissioning risk in M&A transactions
With $14 billion of commitments before 2024, according to Rystad, decommissioning costs have long been a risk to and blocker in transactions, especially portfolio and corporate deals. The sector has moved a long way since early stage bilateral decommissioning agreements as sellers sought to navigate Section 29 of the Energy Act 2008 and other commercial risks in pursuit of the “clean break”.
Updated: HALO acquires the Schooner field for ‘reactivation’ – but not its production platform
Hague and London Oil (HALO) has acquired 100% of the Schooner gas field in the North Sea but has not acquired rights to use the production platform to develop it.
New contracts, new Aberdeen base: Bilfinger Salamis buys into a brighter future
New contracts, renewals and the opening of a new Aberdeen base have been flipping the fortunes of Bilfinger Salamis after a stark start to 2020.
Repsol Sinopec hands in decom plans, but offshore work years away
Repsol Sinopec Resources UK (RSRUK) has handed in decommissioning programmes for the Fulmar and Auk North fields to the UK Government.
£100m decommissioning loan fund should get ‘serious consideration’ in energy white paper
The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
Port told to flaunt decommissioning
Aberdeen Harbour has “hidden” its decommissioning credentials for too long and needs to raise its profile in the sector to secure a bigger share of the market, one of its bosses said yesterday.
‘Sharks and spaghetti monsters’: Questions linger on decommissioning impact to marine environment
Key questions on oil decommissioning and its impact on the marine environment could take “years to answer” according to a leading researcher.
EnQuest platforms doubling up as ‘Airbnbs’ to assist Thistle up-manning
An EnQuest boss said today that treating some of its platforms like "Airbnbs" was helping the firm prepare a northern North Sea neighbour for up-manning.
EnQuest ‘very interested’ in joint-operator decommissioning but ‘someone needs to take the lead’
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
North Sea operators shelve half a billion pounds of decommissioning spend: OGUK
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
West of Shetland decommissioning spending on the rise
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
North Sea oil industry ‘teetering on the brink’
A North Sea trade union boss has warned the oil industry is “teetering on the brink” due to a lack of activity and investment in the basin.
Oil industry ‘ripe’ for new decommissioning models but some won’t survive, says BCG
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Shell gets UK tax refund, but pays over $1billion in nearby Norway
Shell paid billions of dollars in tax in 2019 to governments around the world. But in four countries, the energy giant got money back.
New tool for slashing well decom costs aces first live test in North Sea
An Aberdeen start-up firm’s technology for slashing oil well decommissioning costs has passed its first North Sea trial with flying colours.
How to be a top dog in decommissioning
With its prominence in the current news agenda there is no doubt that decommissioning in the North Sea has arrived.
HMRC boosts projected decommissioning tax relief for oil firms by £1.1billion
HMRC has boosted projections by £1.1billion for the amount of tax repayments it expects to give oil firms for North Sea decommissioning.
Assured decommissioning for a green recovery
Reused and repurposed products and materials are concepts associated with a circular economy, and a circular economy is associated with the green recovery of our nation following the challenging events of this year. If we, as a nation and as an industry, are to meet our carbon emission reduction targets in the coming years, then we must act now.
DYNAMIX One: Cost-effective solutions for decommissioning
As more fields wrap up production platforms, many of which have been operational far beyond their expected lifespans, the team at DYNAMIX One is finding that the decommissioning industry is in desperate need of cost-effective solutions to return the surrounding area to its natural state.
Offshore wind starts squaring up to massive future decom challenge
Very few offshore wind turbines have so far been decommissioned anywhere -- and little significant activity is expected on that front until the end of the current decade.
Conference to highlight how embracing change drives decommissioning opportunities
It’s not long before we host our first ever digital decommissioning conference on November 24-25 and with the aim of creating a dynamic, international and interactive online experience, it’ll be like no other event we’ve ever hosted before.
Overcoming challenges of decommissioning
Hoover Ferguson stepped up decommissioning activity this year, securing a contract with leading Celtic-basin operator, PSE Kinsale Energy (KEL), for the supply of temporary accommodation units on the Kinsale Bravo platform. The Bravo platform originally operated as a manned facility, but was converted to an NUI in 2001 and the redundant platform accommodation was not suitable for remanning.
Continuing development of decommissioning at Lerwick
A series of significant milestones - shaping the next generation of deep-water infrastructure developments at Lerwick Harbour - are expanding capability and competitiveness for the offshore decommissioning and renewables industries.
Well decommissioning campaigns a ‘massive opportunity’, OGA says
Adopting a campaign approach to well decommissioning in the UK North Sea is the way forward, according to the sector’s regulator.